All articles by Dominic Bernard – Page 5
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NewsProfit warnings double at FTSE retailers in Q2
The number of profit warnings issued by FTSE retailers has doubled over the second quarter of 2025, as uncertainty over tariffs and geopolitical forces was compounded by government policy shifts
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NewsReckitt agrees $4.8bn sale of Essential Home business
Expected to complete by 31 December 2025, the sale to private equity firm Advent International is a ‘significant step forward’ in Reckitt’s strategic turnaround plan, according to the firm
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NewsPepsiCo steadies ship with positive Q2 trading
PepsiCo sales have rallied after a difficult start to the year, with its European division leading the charge
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NewsPremier Foods grocery sales hit by heatwave as demand for gravy, stock and soup falls
Revenues at Premier Foods were almost flat in the first quarter as a leap in sweet treats covered for a slump in grocery sales
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NewsWilkin & Sons returns to profit as jam maker sees light at end of ‘very long and dark’ tunnel
Wilkin & Sons has bounced back to the black as the spreads manufacturer boosted revenues and got to grips with soaring input costs
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NewsFood & drink sector most bullish on mergers & acquisitions in 2025
Around five in six leaders in the UK and Irish food and beverage industry expect an increase in M&A in the sector over the next year
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NewsHungryPanda wins £11.7m payout after acquired business breaks contract
After receiving an initial sum worth $45.2m in December 2021, Easi’s owners withheld IT assets from HungryPanda vital to the business’ operation
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NewsHilton Foods secures £22m investment into Foods Connected
Hilton Foods has secured £22m of investment for its supply chain management platform Foods Connected
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NewsB&M UK back in like-for-like sales growth in Q1
B&M UK like-for-like sales were up 1.3% in the 13 weeks to 28 June, assisted by drier weather and Easter timing, according to the retailer
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NewsInflation on supermarket shelves drives surge in UK food sales
Soaring prices in supermarkets has fuelled a jump in UK food sales in the past month, as volumes in store remained under “sustained pressure” and consumer confidence continued to drop
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NewsBakkavor completes £50m exit from China
The cash sale – for CN¥509m (£50m) – is expected to make Bakkavor a net profit of at least £18m
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NewsHovis confirms talks over merger as losses deepen and sales fall
Turnover at Hovis fell 8.6% to £446.8m in the 52 weeks to 28 September 2024, down from £489m in the previous 53-week financial period, the accounts revealed
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NewsNew Princes Group buys Kraft Heinz’s Italian baby business
New Princes Group, formerly known as Newlat, has agreed to buy Kraft Heinz’s entire Italian baby food and nutrition business
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NewsProfit and revenue slips at Weetabix as shoppers continue run toward own label
Weetabix has blamed another year of switching to private label for falling volumes, as operating profit and revenue both shrank in 2024
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NewsFerrero to snap up remaining US Kellogg's business in rumoured $3bn deal
the deal would bring WK Kellogg into the fold with Ferrero’s portfolio of brands including Ferrero Rocher, Tic Tac and Kinder
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NewsInspired Pet Nutrition targets ‘ambitious’ European expansion with French buy
Fast-growing Inspired Pet Nutrition has agreed to buy Sopral, a French premium dry petfood manufacturer, as part of its plans for ‘ambitious’ growth on the Continent
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NewsSalcombe Dairy crowdfunding £250k for bricks & mortar expansion
Devon ice cream maker Salcombe Dairy is seeking to raise £250k from the crowd to expand its profitable bricks & mortar footprint
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NewsInfluencer Gemma Atkinson launches gem-based beauty crowdfunder
The brand has already sold £127k worth of stock during a three-week pre-order run in November 2024
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NewsProtein Bargain Wholesale parent snaps up CNP
PB Group has snapped up heritage sports nutrition brand CNP Professional in a move to strengthen its wholesaler subsidiary Protein Bargain Wholesale
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NewsGreggs shares sink after unexpected profit warning
Greggs stock flopped by 15.5% to a near five-year low of 1,664.7p on Wednesday